Fifth Third Preferred Cash/Back Card
- Annual fee
- None
- Recommended credit
- Excellent / Good
- Card network
- Mastercard
- Regular purchase APR
- 20.49% to 29.99% variable based on creditworthiness and the Prime Rate
At a glance
The Fifth Third Preferred Cash/Back Card is Fifth Third's best cash back rewards credit card. The card earns an unlimited 2% cash back on all eligible purchases, with no caps, annual fee, or foreign transaction fees.
Our review of the Fifth Third Preferred Cash/Back Card
The Fifth Third Preferred Cash/Back Card is a top-tier cash back credit card designed exclusively for Fifth Third Preferred Checking customers. With no annual fee, cardholders can enjoy elevated cash back rewards and a range of financial tools and support.
Earn Unlimited 2% Cash Back On All Purchases
The Fifth Third Preferred Cash/Back Card offers an impressive 2% cash back on all eligible purchases, making it one of the best cash back cards in the market. Comparable to other leading banks’ top-tier cash back cards, such as the Citi Double Cash and Wells Fargo Active Cash, this card ensures that your rewards never expire as long as your account remains open. Redeem your cash back in various ways, including transferring it to your Fifth Third Checking or Savings account, receiving a statement credit, or opting for a physical check.
Cash Back Comparison
Here’s how the Fifth Third Preferred Cash/Back Card stacks up against similar cards:
| Card | Annual Fee | Rewards |
|---|---|---|
| Fifth Third Preferred Cash/Back Card | None | Earn 2% cash back on every purchase |
| Wells Fargo Active Cash Card | None | Earn unlimited 2% cash back on all eligible purchases |
| Upgrade Cash Rewards Visa® | None | Earn 1.5% unlimited cash back on card purchases every time you make a payment |
Not Available to All Customers
Please note that the Fifth Third Preferred Cash/Back Card is exclusively available to Fifth Third Preferred Banking clients. To qualify for this exclusive card, you must have a Fifth Third Preferred Checking® account and maintain a combined balance of $100,000 across all Fifth Third deposit accounts. Additionally, please be aware that Fifth Third operates in limited US states, including Ohio, Illinois, Michigan, and others.
Other Card Features
In addition to the unlimited cash back and no annual fee, the Fifth Third Preferred Cash/Back Card offers a range of benefits, such as:
- Fifth Third Identity Alert® protection
- Access to the Life360 online portal for financial management
- Estate planning discounts with Trust & Will
- Access to investment professionals tailored to your needs
- EMV chip and contactless payment technology for secure transactions
- No foreign transaction fees
- Compatibility with mobile wallets like Apple Pay, Google Pay, and Samsung Pay
- Mastercard benefits and protections, including Zero Liability Protection, Airport Concierge, and more
Should You Apply for the Fifth Third Preferred Cash/Back Card?
If you are a Fifth Third Bank customer with a Preferred Checking account, the Fifth Third Preferred Cash/Back Card is definitely worth considering. While the rewards may not be extravagant, they align with top cash back credit cards in the market. Moreover, the card complements the comprehensive financial tools and support offered through the Preferred Banking program, making it an ideal choice for those focused on financial responsibility and long-term savings or investments.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Earn an unlimited 2% back on all purchases
- No annual fee
- No foreign transaction fees
- Redeem rewards for statement credits, deposits, or a check
Who this card may suit
- You currently have a Fifth Third Preferred Checking account
- You don't want to pay an annual fee or hidden fees
- You don't want to bother with a confusing rewards program and instead earn unlimited rewards on every purchase
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Regular Purchase APR | 20.49% to 29.99% variable based on creditworthiness and the Prime Rate |
| Balance Transfer APR | 20.49% to 29.99% variable based on creditworthiness and the Prime Rate |
| Balance Transfer Transaction Fee | Either $5 or 4% of the amount of each transfer, whichever is greater |
| Cash Advance APR | 29.99% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Late Payment Penalty Fee | Up to $40 |
| Return Payment Penalty Fee | Up to $40 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit Good Credit.
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Fifth Third Preferred Cash/Back Card
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